- USD/TRY is currently trading at 3.0834 levels.
- It made intraday high at 3.0921 and low at 3.0800 levels.
- Intraday bias remains slightly bearish for the moment.
- Key support levels are seen at 3.0642, 3.0544, 3.0218, 3.0122, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
- On the other side, key resistance levels are seen at 3.0921, 3.0967 and 3.1048 levels respectively.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
